According to a new article by The Economist (subscription required to read), “bets in Britain have grown rapidly, from £7 billion in 2000 to £32 billion in 2004 and an estimated £50 billion or more this year.” Internet betting accounts for 15% of this, and half of the bets are placed by foreigners (leaving half to be placed by our own citizens). Regular readers of my blog will know that I am horrified by what amounts to a de facto voluntary tax on the poor and if you are in the UK I encourage you to sign a petition against super-casinos here.